Funded

Total loan: $925
Powered by 25 lenders

Nasridin

Tajikistan
Dushanbe, Tajikistan / Grocery Store

A loan of $925 helped to purchase more foodstuffs for store.


Nasridin's story

Nasridin is a dedicated entrepreneur who is sometimes accused of being a workaholic. Five years ago he started a small business selling groceries. He picked a good location for his business, one that was convenient and filled a market niche, and he has poured his energy into making it successful. Nasridin, a kind, attentive man who tries to take care of his customers, has requested a loan to help open a new selling location and purchase more grocery items to sell. He’d like to continue expanding his business so that he can increase his income. Nasridin’s goal is to earn enough income to purchase a self-contained heating unit for his home.

More about Tajikistan and IMON International

Tajikistan is known for its rich history, which includes its role as a key post along the Silk Road and the end of Alexander the Great's rule. It has also produced great thinkers, philosophers, scientists and poets, including Rudaki, Avicenna, Ferdowsi, Omar Khayyam, Jomi, and Rumi. The country is home to communities that still speak the ancient Sogdian language, epic mountain passes, and a civilization that dates back to the 4th millennium BC. And, even today, it is a complex mixture of the Islamic faith, Soviet culture, New West culture and Central Asian traditions.

But Tajikistan is also the poorest of the former Soviet republics. The civil war, which ignited soon after its independence from the U.S.S.R., further damaged the already weak economy. In addition, 93% of the country is mountainous and only 7% of the land is arable. These conditions have resulted in high levels of unemployment and have forced hundreds of thousands to seek work in other countries, mainly Russia. While the people of Tajikistan are working to improve its agricultural production and manufacturing sector, nearly two-thirds of the population still live in abject poverty.

IMON's History

Since December 2007, IMON International has worked closely with Kiva and Kiva lenders to ensure that poor and low income clients represent a viable business proposition. Funds raised through Kiva have already been distributed to thousands of IMON International's clients and will continue to provide thousands more with permanent access to the varied financial services they need. To learn more about IMON International's work, please visit: www.imon.tj



Loan details

Loan length:

14 months
Disbursed date: September 7, 2010
Facilitated by Field Partner: CSC MDO "IMON International"

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: September 7, 2010
Facilitated by Field Partner: CSC MDO "IMON International"